Australian logistics player Toll Group is expanding its footprint across Asia with a newly opened local office in the Philippines, as it forecasts 'high' double-digit growth in the next five years. The team in the Philippines will focus on providing logistics services to key verticals in the industrial, retail, technology, and automotive sectors, allowing local businesses to tap opportunities beyond the archipelago, including regional manufacturing value chains. Benjamin Bathan, who was … [Read more...] about Toll Group opens office in the Philippines
freight forwarding
Sri Lankan forwarders group gives rundown of the market
Here’s an interview to give you an idea of Sri Lanka’s freight market from the words of Dinesh Sri Chandrasekara, chairman of the Sri Lanka Logistics & Freight Forwarders Association. Which trade routes does Sri Lanka connect by air or sea? What makes the country ideal for such cargo connections? Sri Lanka’s strategic position off the Southern tip of India places it within twenty nautical miles of the major East-West shipping route that connects major ports. The Colombo Port is viewed as … [Read more...] about Sri Lankan forwarders group gives rundown of the market
From carriages to drones: DB Schenker’s 150 years
Press release In 2022, DB Schenker celebrates its 150th corporate anniversary. Building on extensive experience in supply chain management, the Germany-headquartered company has long become one of the world’s leading logistics service providers. Today marks the kick-off into an anniversary year with a multitude of external and internal festivities, underlining DB Schenker’s vision of advancing businesses and lives by shaping the way the world connects. On July 1, 1872, Gottfried Schenker … [Read more...] about From carriages to drones: DB Schenker’s 150 years
Kerry Logistics’ net profit up 81 percent in H1
Kerry Logistics Network announced last week the Group’s interim results for the six months ended 30 June 2021. Group’s Financial Highlights Revenue increased by 68 percent year-on-year to HK$36,709 million (2020 1H: HK$21,885 million) Core operating profit increased by 70 percent to HK$2,536 million (2020 1H: HK$1,489 million) Core net profit jumped by 81 percent year-on-year to HK$1,530 million (2020 1H: HK$845 million) Profit attributable to the Shareholders for 2021 1H was … [Read more...] about Kerry Logistics’ net profit up 81 percent in H1
cargo-partner expands in Australia with local acquisition
Vienna-based info-logistics provider cargo-partner group is expanding its footprint in the land down under, after the forwarder acquired local customs broker and forwarder Associated Customs & Forwarding or ACF. The acquisition, officially completed on 1 August, will see cargo-partner gain two new locations in Sydney and Brisbane and grown its team in Australia to 35. The company said it has had success in its operations in Melbourne, which it started in July 2019. Also read: Hellmann … [Read more...] about cargo-partner expands in Australia with local acquisition
Aramex, DB Schenker team up to tap market opportunities
Dubai-based freight forwarder Aramex and German logistics leader DB Schenker are looking to feed of each other's capabilities in Abu Dhabi and the wider Middle East and Africa region after the two companies signed a memorandum of understanding (MoU). The deal aims to drive forward synergistic opportunities in supply chain solutions across multiple critical industries to and from Abu Dhabi and the wider MEA region. The move comes as Aramex looks to expand its freight forwarding service … [Read more...] about Aramex, DB Schenker team up to tap market opportunities
